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3 years ago

Adding up all of the income in an economy in a given year is one approach to calculating which of the following?

2 answers:

8 0

The correct answer is b.)GROSS DOMESTIC PRODUCT

In reality, the answer is a bit complex. The GDP is actually used to determine whether or not an economy is healthy and developing, but this does not actually show that the people are living good, rather that the production is occurring efficiently.

belka [17]3 years ago

5 0

The answer is B. Gross Domestic Product.

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If the marginal propensity to consume (MPC) is 0.75, and if the goal is to increase real GDP by $400 million, then by how much w

mr Goodwill [35]

Answer:

Government spending would have to change by $1.6 billion

Explanation:

The marginal propensity to consume (MPC) refers to the proportion of an increase in aggregate income that is spent on consumption of commodities by a consumer.

Since from the question, we have:

MPC = Marginal propensity to consume = 0.75

The MPC can therefore be used to calculate the fiscal multiplier which measures the effect of government spending on real GDP as follows:

Fiscal multiplier = 1 / (1 - MPC) = 1 / (1 - 0.75) = 1 / 0.25 = 4.0

Therefore, we have:

Change in government spending = Fiscal multiplier * Amount of targeted increase real GDP = 4.0 * $400 million = $1.6 billion

Therefore, government spending would have to change by $1.6 billion to generate $400 million increase in real GDP.

6 0

3 years ago

Bramble Corp. has a weighted-average unit contribution margin of $30 for its two products, Standard and Supreme. Expected sales

Alexeev081 [22]

Answer:

160,000 units

Explanation:

Step 1 : Determine the Sales Mix

Bramble : Standard

60000 : 40000

3 : 2

Step 2 : Determine the Overall Break even Point

Break even Point = Fixed Cost ÷ Contribution per unit

= $2400000 ÷ $30

= 80,000

Step 3 : Determine break-even point for Standards

Standards Break even point = 80,000 x 2

= 160,000 units

Thus,

Bramble Corp would sell 160,000 units of Standards at the break-even point

8 0

3 years ago

George saves 18% of his total gross weekly earnings from his 2 part-time jobs. he earns $6.25 per hour from one part-time job an

mote1985 [20]

The correct answer is - the number of hours he works at each job.
If we have the number of hours he works for each job separately, then we will be able to take out a percentage of the earnings from both of the jobs separately. We will than get the sum of the percentages if both of them, and have the real amount of George's weekly savings.

8 0

3 years ago

Read 2 more answers

Steeler Manufacturing uses an unrelated diversification strategy throughout its operations. For instance, Steeler has five core

galina1969 [7]

Answer:

highly-diversified

Explanation:

Based on the scenario being described within the question it can be said that Steeler Manufacturing would be considered a highly-diversified firm. This term refers to a business/organization that has a wide varied array of operations, all of which are completely unrelated to one another. Which is exactly what Steeler Manufacturing has with it's five subsidiaries. All of which are successful.

5 0

3 years ago

What is it determines a good trade agreement? (Economics)

neonofarm [45]

Answer: For duty-free or zero tariffs on as wide a range of products as possible.

Explanation: The best trade deals aim for duty-free or zero tariffs on as wide a range of products as possible. Better trade deals also include more than just goods. They extend pledges and commitments to include trade in services and investment.

4 0

2 years ago